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Bitcoin Trading Levels

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VBL
Dec 16, 2021
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Morning Markets

Good morning. Everything except the dollar is higher today in a good way. Almost everything is stronger following the Fed’s announcement of “sped up” tapering yesterday. The dollar started out this morning flat but is much weaker after the Central Bank of England kind of surprised everyone with a rate hike. Gold remains strong up $24 from the FOMC meeting.

Bitcoin Podcast

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Bitcoin Podcast: Dec 16, 2021 #Bitcoin $54k on deck https://t.co/uX8G2gKq52
12:24 PM ∙ Dec 16, 2021
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Bitcoin Headlines

  • Ray Dalio on Bitcoin: ‘It’s almost a younger generation’s alternative to gold,’

  • Sparkassen: German savings bank to offer crypto trading to 50M clients

  • Fed's Powell: ‘Stablecoins could be a useful part of the financial system,’

  • Nike buys NFT startup RTFKT: Nike delves deeper into the metaverse with the acquisition of RTFKT, a leading NFT fashion and collectibles brand

  • Kevin Durant signs multiyear deal with Coinbase: Pro basketball player KD will appear in advertising as a face of the Coinbase brand

  • Twitch Co-Founder enters NFT market: Justin Kan announced the launch of ‘Fractal’ a Solana-based marketplace for gaming NFTs

  • Tesla to accept Doge: Musk announces that Tesla will accept Doge as payment for some of its merchandise

  • AVAX adds USDC: Avalanche is adding a native version of USDC to its network

Prices as of 10:42 ET.

Bitcoin 12/16/21 Technical Analysis by Moor Analytics

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***Full report for Paying subscribers of Moor Analytics***

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